Professional Drone Services Market

Professional Drone Services Market Outlook (2023 to 2033)

The global professional drone services market has reached a valuation of US$ 5.0 billion in 2023 and is expected to climb to US$ 20.6 billion by 2033, expanding at a healthy CAGR of 15.2% during the forecast period of 2023 to 2033.

The professional drone services market is about 75.0% of the overall drone services market which was about US$ 6.6 billion in 2023.

Report Attributes	Details
Market Size (2022A)	US$ 4.4 Billion
Estimated Market Value (2023E)	US$ 5.0 Billion
Forecasted Market Value (2033F)	US$ 20.6 Billion
Global Market Growth Rate (2023 to 2033)	~15.2% CAGR
North America Market Share (2022)	~30.7%
East Asia Market Growth Rate (2023 to 2033)	~15.9% CAGR
United States Market Growth Rate (2023 to 2033)	~15.4% CAGR
Key Companies Profiled	AeroDyne; AiriNov; Azur Drones; Bentley Systems; CyberHawk; Deveron UAS; Flirtey; FlyTrex; Hemav; Martek Marine; Matternet; Measure; Raptor Maps; Sharper Shape; Skeye; Sky Futures; SkySpecs; Terra Drone; Texo Drone Services; The Sky Guys; Zipline

Sales Analysis of Professional Drone Services (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)

Although the drone services market is still in its infancy, a number of businesses, both big and small, have entered the space as providers. There are also other independent pilots on the market who provide their services on a contract basis. However, it is currently difficult for drone service providers to scale up to meet demand. Even larger firms that employ 1,500 drone pilots require assistance in filling in coverage gaps.

Construction and agricultural have embraced drone assistance and services to the greatest extent, with energy and transportation not far behind. The excitement surrounding the drone sector, which frequently centers on use cases like package delivery and services needing long distance travel, is also expected to contribute to the market's strong expansion in the coming years.

• Short Term (2023 Q1-2026): Post-COVID-19, the market is projected to rise at a significant rate with the increasing popularity of food & medicine delivery services. The drones take care of zero-contact delivery and the spread of infectious diseases.
• Medium Term (2026 to 2029): Infrastructure development worldwide will be a leading factor in the expansion of this market. Bridge, building, roads, and other production requires inspection, mapping & surveying, and monitoring services.
• Long Term (2029 to 2033): Growing popularity of the e-commerce sector and people's preference towards online shopping is escalating the demand for time and cost-efficient solutions like commercial and professional drone services.

North America accounts for leading share of 30.7% in the global professional drone services market, followed by Europe and East Asia.

The image depicts the expected total addressable market value of US$ 5.0 Billion in 2023. Also, under the application segment, mapping and surveying is expected to substantial share of 34.2% in the global professional drone services market.

Key factors escalating the demand for professional drone services

“Growing popularity for package delivery”

Professional drones are gaining popularity for package delivery worldwide. This is in the developing phase, where e-commerce channels, food delivery service providers, and courier service provider offers packages to the customer with the help of drones.

Due to its cost & time efficiency over transportation, these service providers are opting for drones to enhance their service offering and customer satisfaction. This factor also results in a reduction of operational costs of the service providers with the utility of drones.

Favourable initiatives by market players regarding the utility of drones for package delivery are projected to escalate the demand for professional drone services in the forthcoming period. For instance, in 2022, Amazon and Alphabet unit Wing begin drone deliveries in various parts of the United States.

“Rising demand from photography & videography services”

Professional drones are substantially gaining demand in photography & videography services these days. The drones have enhanced the filming and shots-taking abilities of the cinematographer by reaching & covering places that are impossible to capture by humans. Drones can capture shots and videos from the sky which offers an illustrative and attractive view of the place, event, and marriages.

Advertising industries are more focused on opting for professional drones. As these drones are beneficial in creating marketing campaigns for customer engagement at the mass level with the advent of quality pictures and videos. Moreover, the real estate industry is highly benefited from the utility of professional drones where visually appealing & detailed photos and videos are captured to display among customers for increasing property sales.

Factors challenging the professional drone services

“Rigid regulation on drone operation”

The stringent rules on commercial & professional drone utility by the government worldwide are a major factor hampering the market growth. The Federal Aviation Administration (FAA) of the United States has framed certain regulations regarding the utility of drones for commercial & professional purposes.

As per FAA regulations, the drone operator must hold an authorized certification to operate a drone. The drone operator should take care of flying a drone below 400 feet, keeping the drone on site, and operating at least 25 feet away from a group of people. A speed of 100 mph should not be exceeded by the operator, ban drone operation at night, and other factors that hamper the utility of drones for professional purposes.

Country-wise Insights

United States to secure largest revenue share in global market for professional drone services

The United States is the most diligent marketplace for global professional drone services. Professional drone services are gaining popularity in the e-commerce, food delivery, agriculture, and construction sector in the region.

Consumers are immensely opting for technologies that are cost & time efficient to them and help in enhancing the profitability of their business. Owing to this reason, drones are being utilized in the above-mentioned sectors to accomplish various monitoring, inspection, package delivery, and other tasks in a cost & time-efficient way.

Also, the country witnessed the most number of drone registration in the world. In the United States, about 870,389 drones are registered in the region in 2022 of which about 38% are commercial drones. Additionally, agriculture mechanizations and the adoption of advanced technology for spraying, seeding, and crop monitoring in the United States are stimulating the professional drone services in the region.

Chinese professional drone services market to grow with highest CAGR

China is one of the fastest-growing regions in the adoption of professional drone services. Government support towards the utility of drones for last-mile deliveries is among the major factor escalating professional drone services. Since, package delivery in rural areas is one of the major issues the economy was facing, due to government has passed a regulation regarding the utility of commercial drones to offer last-mile deliveries in distant rural areas.

The economy is comprised of big e-commerce giants like JD.com and Alibaba which are continuously seeking technologies that are cost & time efficient to offer delivery services.

Additionally, agriculture is one of the major sectors contributing to the GDP of China nation. These services are utilized in agriculture to monitor soil & crop condition, seeding, and spraying pesticides & fertilizers.

Category-wise Insights

Mapping & Surveying to hold leading share in professional drone services market

Drone mapping and surveying is a faster, safer, and cost-efficient way of mapping & surveying from height. Mapping and surveying are required in almost every sector including oil & gas, mining, construction, agriculture, and others. In comparison with the traditional method of mapping and surveying, drones are highly cost & time efficient. Quickly takes necessary pictures and videos of the site, analyses the data, and comes up with the necessary solution to it.

In the construction sector, these services are used for monitoring & tracking equipment and construction sites. It efficiently offers accurate and quality visual data of sites to the engineers & helps in overcoming the faults & disruptions that occur in construction sites. Whereas, in agriculture, information regarding planting & harvesting, livestock, and others can be gathered with the help of professional drones.

Real estate and industrial plants is one of the fastest growing end-use industry

Real estate and industrial plants essentially require services regarding monitoring, mapping, inspection, photography & filming of sites. The traditional approach of executing these things was costly and time taking owing to which technology like drones are gaining immense popularity. All the above-mentioned practices could be easily executed with the help of drones with accuracy, quality, and in real-time.

Professional drone service provider helps in advertising real estate, where attractive pictures and video are shot from top angles to elaborate more about the nearby environment & features of the property. Due to all these factors, the real estate and industrial sector is expected to gain significant demand for these services in the forthcoming period.

Competitive Landscape

Key market players in professional drone services market are AeroDyne, AiriNov, Azur Drones, Bentley Systems, CyberHawk, Deveron UAS, Flirtey, FlyTrex, Hemav, Martek Marine, Matternet, Measure, Raptor Maps, Sharper Shape, Skeye, Sky Futures, SkySpecs, Terra Drone, Texo Drone Services, The Sky Guys and Zipline.

The market is highly fragmented with presence of established market players and introduction of new market participants. The players are taking favourable initiatives like service offering, merger & acquisition to expand their global presence and market share.

For instance :

• In November 2022, TechEagle drone delivery has initiated first ever vaccine delivery service for animal husbandry in Arunachal Pradesh, India.

• In September 2022, Airborne Response, one of the leading mission critical aerial intelligence drone service has acquired Safe Pro Group Inc.

Fact.MR has provided detailed information about the provider of professional drone services market positioned across regions, revenue growth, and service offering expansion, in the recently published report.

Segmentation of the Professional Drone Services Market

• By Application :

  • Mapping & Surveying
  • Inspection
  • Photography & Filming
  • Localization & Detection
  • Delivery
  • Spraying & Seeding
  • Others (Not Covered Elsewhere)

• By End-use Industry :

  • Energy
  • Construction
  • Transportation & Warehouse
  • Agriculture
  • Mining, Oil & Gas Extraction
  • Public Administration
  • Information
  • Real Estate & Industrial Plant
  • Entertainment & Recreational
  • Safety & Security
  • Educational Services
  • Waste Management
  • Healthcare & Insurance

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa